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my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic initiative to cut middle class taxes and also restore the spending cuts that really do need to be restored. especially for the middle class and the poor. under the present circumstances, we to some extent have the worst of both worlds. the president loses the bargaining advantage of having that fiscal cliff and also having the public behind him. and has given in to republican demands of moving that threshold from $250,000 over $450,000. >> we've got to leave it there. grover norquist and robert reich, thanks to both of you. i know you'll be joining us later tonight as well. >>> we're following other stories here in the "situation room" including a deadly plane crash caught on tape. now there are new clues in this airline disaster. plus a close call for the top ranked tennis player. stand by. pocket agent app. you can also get a quote and pay your premium with this thing.
my point is that if we went over the fiscal cliff and tax rates went up and spending cuts were substantial, that republicans would be under a huge pressure, even greater pressure than they are now to agree to a democratic initiative to cut middle class taxes and also restore the spending cuts that really do need to be restored. especially for the middle class and the poor. under the present circumstances, we to some extent have the worst of both worlds. the president loses the bargaining...
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Dec 4, 2012
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let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's room for discussion, but that -- >> so the 39.6%, that's not a red line? >> as far as i know and the conversations i've had, the president has said there's room for compromise, but for the red line to be drawn in the sand by republicans to say that an increase in rates on the wealthiest a
let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential....
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let's hope we don't go over that fiscal cliff. >> fingers crossed they will reach a compromise. i don't think there's anyone out there that wants to see us go over that fiscal cliff. >> that would be bad. but the clock is ticking. only a few weeks left. >>> the biggest problem between the united states and mexico and how to solve it. i'll speak with mexico's new president. my exclusive interview is just ahead. this line is a convenienc. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing
let's hope we don't go over that fiscal cliff. >> fingers crossed they will reach a compromise. i don't think there's anyone out there that wants to see us go over that fiscal cliff. >> that would be bad. but the clock is ticking. only a few weeks left. >>> the biggest problem between the united states and mexico and how to solve it. i'll speak with mexico's new president. my exclusive interview is just ahead. this line is a convenienc. how you doing today? i'm good thanks....
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quickly, erick do you think the country is going to go over the fiscal cliff, everyone's tax rates are going up? >> you know, i think it wouldn't surprise me if they did and ironically because of the shifting baselines, both sides can claim some sort of better level of wanting to cut taxes on everyone and i just -- i'm more inclined to think we're going to go over the fiscal cliff and argue over adjusted baselines which no one in america will understand. but washington will have a field day over it. >> are we going over the cliff? >> i don't think so. i think the they want to blame republicans somehow is wrong. i think the president very much wants a deal and will go far to get one. >> hilary and erick, thanks very, very much. >>> this week's medical examiner has been told that the gunman was diagnosed with asperger's syndrome. repetitive patterns of behavior and more. stand by. we'll update you with what is going on in newtown. ?o my name is hunter cannon. playing sports is just my whole life. looking back, if it wasn't for shriners hospital, things would just be really, really differ
quickly, erick do you think the country is going to go over the fiscal cliff, everyone's tax rates are going up? >> you know, i think it wouldn't surprise me if they did and ironically because of the shifting baselines, both sides can claim some sort of better level of wanting to cut taxes on everyone and i just -- i'm more inclined to think we're going to go over the fiscal cliff and argue over adjusted baselines which no one in america will understand. but washington will have a field...
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fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with our
fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not...
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cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to do that. >> absolutely. and that proposal to take away what has been historically a congressional prerogative was a little bit surprising even to people who have been reading about this stuff for years. is it true though, dana, as it has been in past years that both sides at least have to show their bases that they're fighting the good fight and that's part of what's going on here? >> reporter: absolutely. there's no question about it. what i mention in the piece really is a real phenomenon here when it comes to the feeling among congressional democrats that they ar
cliff, that difference between tax rates for the wealthiest americans. and what house democrats announced they're going to try to do is an end run around the house gop to try to file a petition in order to try to push a vote on the house floor to just raise taxes -- excuse me, to just extend the bush-era tax rates for middle class americans. but to do that, as you know, they need 218 votes and there's still a very sizable republican majority in the house. it will be difficult for democrats to...
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>>> as the automatic spending cuts and tax increase that is make up the so-called fiscal cliff get closer and closer, only a few weeks ago, some top republicans are signaling they're ready to abandon their pledge never to raise taxes or cut deductions. that pledge pushed by the conservative activist, grover norquist, has been part of republican orthodoxy for several years which makes statements like these so surprising. listen -- >> i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseans aware, i was just elected, that will only thing i'm honoring is the oath that i served. >> a pledge you signed 20 years ago, 18 years ago is for that congress. >> when i go to the constituents that have reelected me, it is not about that pledge. >> eric cantor, the majority leader in the house of representatives. joining us now, kevin mccarthy, the majority whip, the number three republican leader in the house of representatives. thanks for coming in. >> thanks for having me. >> are you r
>>> as the automatic spending cuts and tax increase that is make up the so-called fiscal cliff get closer and closer, only a few weeks ago, some top republicans are signaling they're ready to abandon their pledge never to raise taxes or cut deductions. that pledge pushed by the conservative activist, grover norquist, has been part of republican orthodoxy for several years which makes statements like these so surprising. listen -- >> i will violate the pledge, long story short,...
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cliff, the house will vote on the gop plan b, a bill to keep tax rates in place for households making less than $1 million. senate democrats call it dead on arrival. >> house republicans know that the bill has no future if they don't know it now, tell them what i said. >> reporter: senator majority harry reid said, if they don't know, tell them what i said. >> i talked to senator reid this morning. he was more polite then. i am not convinced at all that when the bill passes in the house today that it will die in the senate. >> democrats say the house speaker is in denial. the truth is, the speaker is well aware of political reality. if the country careens off the fiscal cliff and every american's taxes go up, republicans will take much of the heat. that's a key are reason he's holding tonight's vote. >> our bill will protect 99.81% of american people from an increase in taxes. >> reporter: a republican lawmaker with knowledge of leadership talks and of strategy says that there's another reason why they are holding this vote tonight and that is an internal republican reason, to try to
cliff, the house will vote on the gop plan b, a bill to keep tax rates in place for households making less than $1 million. senate democrats call it dead on arrival. >> house republicans know that the bill has no future if they don't know it now, tell them what i said. >> reporter: senator majority harry reid said, if they don't know, tell them what i said. >> i talked to senator reid this morning. he was more polite then. i am not convinced at all that when the bill passes in...
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on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but most of the big voices dug in. >> you had a fascinating interview with the head of the international monitoring fund, it will air sunday on "state of the union." let me play a clip. what happens in fiscal cliff negotiations in washington could have a huge impact around the world. >> there's still that degree of uncertainty that fuels doubt, that prevents investors, entrepreneurs, households from making decisions because they don't know what tomorrow will be. they know that a fix has been found for today but there is still work to be done tomorrow and day after tomorrow. so it wou
on the fiscal cliff. >> how does it play into fiscal cliff negotiation? >> you would think it gives them a sobering sense of if we do the right thing, maybe the economy keeps growing, if we do the wrong thing, might tip the united states. some think even the possibility of another global recession. you would think it would be a motivation to get things done. if you listen to what's said publicly, see if they're working out a deal privately, there are staff level conversations but...
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so until the republicans agree to those clinton-era rates, we are going to go off the fiscal cliff. >> you know, it's interesting, ari, you'll remember this because you were the white house press secretary in 2001 and 2003 when those bush-era tax rates were approved basically by republicans, very few democrats voted to approve those bush-era tax cuts. so why not do what the republican congressman from oklahoma says, what paul just said, go ahead, declare victory. say, look, all these democrats are now on board, they support for 98% of the american people the bush-era tax rates for a long time to come, declare victory and move on. >> well, number one, wolf, actually those tax cuts were bipartisan. 12 senators -- democratic senators voted for them, a good number. more than 60 senators voted for the bush tax cuts across the board. number two, let me surprise you with this, i don't agree by going over the fiscal cliff, but i do agree that the smart move for the americans to make they don't have leverage on the taxes. the payroll tax cut about to expire and it did expire, republicans tucke
so until the republicans agree to those clinton-era rates, we are going to go off the fiscal cliff. >> you know, it's interesting, ari, you'll remember this because you were the white house press secretary in 2001 and 2003 when those bush-era tax rates were approved basically by republicans, very few democrats voted to approve those bush-era tax cuts. so why not do what the republican congressman from oklahoma says, what paul just said, go ahead, declare victory. say, look, all these...
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. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner is already ready for $800 billion in early tax revenue. this is raising the tax rate on the wealthy. but eliminating loopholes, are you with the speaker of the house? >> unfortunately, the presidency has already taken us over the cliff. businesses have already paired back their plans and they're hiring for next year anticipating what's going to happen. so we can fix this christmas eve, if we want. but we've already hurt the economy and hurt -- >> are you with boehner? >> i'm not with boehner. this guy doesn't need more money. >> we doubled spending. >> well, we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> when you say compromise, where are you ready to compromise, as far as taxes are concerned. >> well, how we go about tax reform, there's a lot of room to work together. >> lower the rats. i'm not sure where the democrats are. th they have not offere
. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner is already ready for $800 billion in early tax revenue. this is raising the tax rate on the wealthy. but eliminating loopholes, are you with the speaker of the house? >> unfortunately, the presidency has already taken us over the cliff. businesses have already paired back their plans and they're hiring for next year anticipating what's going to happen. so we can fix this christmas eve, if...
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treasury, and the republicans say you got that at the end of december to avoid the fiscal cliff, no more increase in tax revenue. they can adjust loopholes, whatever, but if they do that, they lower the tax rate. if there's no more tax revenues coming in and they hold firm to that, can there be a deal? >> no. if everybody holds firm, we are where we were before the charm offensive. i think that depends what you think the point was. if the point was to come up with a big deal, i don't know that that's possible, and the president doesn't know if that's possible and neither do republicans. and by the way, let's also point out he talked to democrats that don't want to touch entitlements. it becomes where do you cut from medicare, cut more from hospitals and doctors? there are multiple problems on the policy front. i think it becomes harder to demonize your opponent when you have a little lunch with them, you talked, you see they're human beings. in terms of moving forward on a big deal, i don't think that will happen. i can see next year the president going i tried to talk to them, went up,
treasury, and the republicans say you got that at the end of december to avoid the fiscal cliff, no more increase in tax revenue. they can adjust loopholes, whatever, but if they do that, they lower the tax rate. if there's no more tax revenues coming in and they hold firm to that, can there be a deal? >> no. if everybody holds firm, we are where we were before the charm offensive. i think that depends what you think the point was. if the point was to come up with a big deal, i don't know...
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and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be president obama's first statement from the white house since his re-election. and no doubt will be an opportunity for him to address some of these pressing issues raised by the cbo report, by the fiscal cliff, by our economic conditions right now, wolf. >> we will, of course, have live coverage of the president's statement on the economy. you're also finding out, jessica, some new information about the president's agenda for his second term. >> that's right, wolf. you know, during this election pundits criticized president obama for offering too few specifics during his campaign about what a second term would hold. the truth is, he did lay out a plan for his second term. you might criticize it as too light on the details, but there was an agenda and here's some of it. while the details may be sparse, president obama did outline a s
and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be president obama's first statement from the white house since his re-election. and no doubt will be an opportunity for him to address some of these pressing issues raised by the cbo report, by the fiscal cliff, by our economic conditions right now, wolf. >> we will, of course, have live coverage...
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at the top of the list they've got to address the coming fiscal cliff. if there's no change in policy, tax rates are going up on everybody and we've got some really large spending cuts that are in train. so both of them need to focus on that. and both of them are focused on achieving fiscal sustainability. that is future budget cuts that will result in deficits that are small enough that are debt-t debt-to-gdp stabilizes. there are some very clear differences. what strikes me most is the similarities in terms of focusing on our fiscal situations. and i think they're right. we have to focus on those things if we're going to be able to grow more strongly in the future. >> christine lagarde, the head of the imf, the international monetary fund, she's in tokyo. and she said this today. let me play the little clip. >> are we safer today than at the time of the lehman crisis? i would say not quite yet. >> she's referring to the collapse of lehman brothers back in 2008. that was pretty sobering when i heard that. what do you think? >> yeah, it is sobering. of c
at the top of the list they've got to address the coming fiscal cliff. if there's no change in policy, tax rates are going up on everybody and we've got some really large spending cuts that are in train. so both of them need to focus on that. and both of them are focused on achieving fiscal sustainability. that is future budget cuts that will result in deficits that are small enough that are debt-t debt-to-gdp stabilizes. there are some very clear differences. what strikes me most is the...
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cliff look are more like the fiscal grand canyon if leaders aren't able to fix what is about to happen in terms of tax rates going up for everybody as well as making sure that the country does not default on all of this. it's really ironic because if you look at where democrats were with these bush tax cuts a decade ago when i was at the democratic national committee as communications director, there was a visceral reaction against them. and now democrats want to extend these tax cuts for 98% of americans. republicans should just basically declare victory and go home. i mean, it's a little insane where we are right now. >> anna navarro, we've been talking in washington about the idea of so many democrats now supporting the bush tax cuts at least for people making less than $250,000. what's your take on that? >> my take is that it's beginning to look a the lot like quli cliff-mas. like most americans, i thought there was possible solution that could be reached before december 31st. it's looking less and less likely now. and, yes, we're talking -- we're having a discussion about the bush
cliff look are more like the fiscal grand canyon if leaders aren't able to fix what is about to happen in terms of tax rates going up for everybody as well as making sure that the country does not default on all of this. it's really ironic because if you look at where democrats were with these bush tax cuts a decade ago when i was at the democratic national committee as communications director, there was a visceral reaction against them. and now democrats want to extend these tax cuts for 98%...
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cliff compromise talks fail. >> the point was, we have to face reality. the reality is that the president was re-elected, that taxes, if we do nothing on every american are going up on january the 1st. >> reporter: another goal of this new plan "b" tactic, try to force the president to agree that any package to reduce the deficit be equal parts tax increases and spending cuts. >> that, at this point, would be my version of a balanced approach. >> reporter: part of the republican strategy is also to call the democrats' bluff. just two years ago, high-profile democrats came up with the idea of extending tax cuts for incomes up to $1 million. now democrats think they hold the cards and say, no way. >> everyone should understand, boehner's proposal will not pass the senate. >> reporter: the white house argues the president gave a lot of ground in a proposal leaked to reporters monday night, making concessions to the gop position on tax rate increases and spending cuts. in fact, a democratic source in the room tells cnn the president's congressional liaison go
cliff compromise talks fail. >> the point was, we have to face reality. the reality is that the president was re-elected, that taxes, if we do nothing on every american are going up on january the 1st. >> reporter: another goal of this new plan "b" tactic, try to force the president to agree that any package to reduce the deficit be equal parts tax increases and spending cuts. >> that, at this point, would be my version of a balanced approach. >> reporter: part...
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>>> despite the last-minute fiscal cliff deal, americans will still see their paychecks shrink somewhat because of a temporary reduction in the payroll tax rate that was allowed to expire. cnn's tom foreman is looking at a closer look of what happened. explain what happened. >> if you make less than $450,000 as a couple, you think you dodged a bullet and will not have to pay more taxes. not so fast. for the past two years everybody has enjoyed a payroll tax of 2%, and the government wanted to let people have more money to spend and super the economy, and that has expired. let's look at this. if you make $25,000 a year, how much more will you pay? about $500 or so more per year. that is real money, particularly if you only make $25,000 a year. and let's step up to $50,000. this is the median income for the country and what most people are making in terms of an average. they will jump up to almost $1,000 a year. $80 more per month for some. and that's something you have to budget for. and $70,000, it's almost $1500 in additional taxes that you just started paying and you have to complete
>>> despite the last-minute fiscal cliff deal, americans will still see their paychecks shrink somewhat because of a temporary reduction in the payroll tax rate that was allowed to expire. cnn's tom foreman is looking at a closer look of what happened. explain what happened. >> if you make less than $450,000 as a couple, you think you dodged a bullet and will not have to pay more taxes. not so fast. for the past two years everybody has enjoyed a payroll tax of 2%, and the...
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and is the house really going to take the country over a fiscal cliff? i'll speak with two powerful congressmen, democrat steve israel and republican darrell issa. they are here to debate. i'm wolf blitzer. you're in "the situation room." >>> we begin with breaking news right now. the credit rating agency fitch, fitch has placed the united states aaa long-term foreign and local currency default ratings right now in what they call rating watch negative. the ratings of all outstanding u.s. sovereign debt securities have also been placed on that status along with u.s. short-term foreign currency rating procedures. this is a serious development right now. in 31 hours from now, this country could actually start defaulting on its debt, sending shock waves around the world. a senate deal to reopen the government temporarily and raise the debt ceiling is on hold. the house speaker john boehner is warning against a default but he may not have the votes to pass a tougher counter proposal so are both sides digging in right now? the stakes clearly enormous. republic
and is the house really going to take the country over a fiscal cliff? i'll speak with two powerful congressmen, democrat steve israel and republican darrell issa. they are here to debate. i'm wolf blitzer. you're in "the situation room." >>> we begin with breaking news right now. the credit rating agency fitch, fitch has placed the united states aaa long-term foreign and local currency default ratings right now in what they call rating watch negative. the ratings of all...
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on the top 2% as part of a larger fiscal cliff deal. in a conference call today, their chairman at the business roundtable said, some executives are unhappy that we want to even mention revenues or taxes but he said everybody's got to feel a little bit like they are getting nailed and then we will know if we've got a deal. white house officials met with this group and also helped them get to this place. they said, bottom line, they knew that they thought their prospects deal was grim and this was a step they had to take to help both sides come to a deal. >> maybe it will help because a lot of these guys are very, very influential. speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it alrea
on the top 2% as part of a larger fiscal cliff deal. in a conference call today, their chairman at the business roundtable said, some executives are unhappy that we want to even mention revenues or taxes but he said everybody's got to feel a little bit like they are getting nailed and then we will know if we've got a deal. white house officials met with this group and also helped them get to this place. they said, bottom line, they knew that they thought their prospects deal was grim and this...
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. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less government. we're going to have historic levels of revenue to the government this year. >> everyone's taxes are going up at the end of the year if there's no deal. >> we have already offered to extend current tax rates. that's what we should have done six months ago until we could come to some agreement, some compromise on tax reform. >> wh
. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next...
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. >> wolf, i followed up on that ke about the fiscal cliff asking if the president would back a proposal that would raise taxes on the wealthy by closing their deductions instead of raising rates. he said it's hard to see how the math would add up, but he is open to fresh creative ideas. maybe a lot of ideas will be on the table when he meets with leader this is friday. >> he says he wants a compromise. thanks jessica yellin. we heard the president's angry response to susan rice's critic, now let's hear from some of the republicans hammering away on susan rice for early comments about the benghazi attack. >>> i'm concerned about the fact that she went on sunday shows and said this was the product of a spontaneous uprising. >> we will do whatever necessary to block the nomination that's within our power as far as susan rice is concerned. >> how could we, where we are right now, be able to place our trust in her. >> i don't trust her, and the reason i don't trust her is because i think she knew better, and if she did she should not britney brittany the voice of america. >> we're being join
. >> wolf, i followed up on that ke about the fiscal cliff asking if the president would back a proposal that would raise taxes on the wealthy by closing their deductions instead of raising rates. he said it's hard to see how the math would add up, but he is open to fresh creative ideas. maybe a lot of ideas will be on the table when he meets with leader this is friday. >> he says he wants a compromise. thanks jessica yellin. we heard the president's angry response to susan rice's...
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people were hoping that we could come out of this debate about the fiscal cliff, debate about the debt ceiling, maybe give some momentum to the private sector and get the growth rate back up to 3%-plus so you could really start seeing some substantial improvements. i don't know that we really saw that. you saw in your report some small businesspeople saying they felt a little better. but a lot of the people i talk to are say, oh, no, now two months from now, we're going to have to do the same thing all over again. we've got a little groundhog day element. >> what also concerns me, if you look deeper into the numbers is the unemployment rate for minorities. 7.8% across the board. but for african-americans, it went from 13.2% in november to 14% in december. latino unemployment rate is at 9.6%. here's the question. is enough being done to focus in on minorities in dealing with this problem? >> in a way, probably not, though you don't want to overreact, as we always say, wolf, to any one month's numbers. and that's especially true if you start taking a smaller slice out of the numbers. so
people were hoping that we could come out of this debate about the fiscal cliff, debate about the debt ceiling, maybe give some momentum to the private sector and get the growth rate back up to 3%-plus so you could really start seeing some substantial improvements. i don't know that we really saw that. you saw in your report some small businesspeople saying they felt a little better. but a lot of the people i talk to are say, oh, no, now two months from now, we're going to have to do the same...
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both sides looking to see if the two men can find a way to reach a deal on the fiscal cliff. from the white house's perspective, what they are looking for is if there's any way, no doubt, for the speaker to budge on, from their point of view, rates. they still want to know if the speaker can give at all on rates. from the speaker's perspective, they are looking for spending cuts from the white house. the white house was far more aggressive from jay carney in the briefing about the speaker, about the gop position, insisting that republicans just haven't been giving enough and that they have been too vague overall. this was jay carney at the briefing earlier today, wolf. >> let me just say that while i personally am very fond of john boehner, his record of predicting what would happen if certain economic policies weren't instituted is a dismal. >> a different kind of attitude from the white house suggesting that as both sides are facing stalemate, they are positioning for a pr battle if the nation should go over the cliff, wolf. >> the neating is potentially, if it ends positiv
both sides looking to see if the two men can find a way to reach a deal on the fiscal cliff. from the white house's perspective, what they are looking for is if there's any way, no doubt, for the speaker to budge on, from their point of view, rates. they still want to know if the speaker can give at all on rates. from the speaker's perspective, they are looking for spending cuts from the white house. the white house was far more aggressive from jay carney in the briefing about the speaker,...
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, and the millionaires and the billionaires as part of the fiscal cliff deal, and with that achievement the president has signed into law $2.5 trillion in deficit reduction and what the viewer need to nknow is that of the $2.5 trillion, two-thirds have come in spending cuts which is ratio of 2 to 1 in spending to cuts and that is balance. and the president has put it on the table and offers for sb entitlement reform savings and this is not revenue alone, but balance and middle of the road approach. we urge the republicans to take it up. >> we will see what happens over the next few days. jay carney is the white house press secretary. thank you for coming in. >> wolf, always glad to be with you. thanks. >>> when we come back, for some of lincoln's extras this weekend means more than a gold statue. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums this is what it's like... paying full price for a hotel room. and
, and the millionaires and the billionaires as part of the fiscal cliff deal, and with that achievement the president has signed into law $2.5 trillion in deficit reduction and what the viewer need to nknow is that of the $2.5 trillion, two-thirds have come in spending cuts which is ratio of 2 to 1 in spending to cuts and that is balance. and the president has put it on the table and offers for sb entitlement reform savings and this is not revenue alone, but balance and middle of the road...
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never mind the really tough stuff, namely the so-called fiscal cliff. when the bush era tax cuts expire and some $100 billion in spending cuts kick in on december 31st. anyone who may wonder why congress has a remarkably low approval rating should watch and listen. watch the bipartisan exodus to go campaign. and listen as each party scours the other. >> never before, never, have a president and a majority party in the senate done so little to address challenges as great as the ones our nation faces right now. >> it's a wonder we've gotten anything done at all considering the lack of cooperation democrats have gotten from republican colleagues. >> there are nearly 40 of our jobs bills sitting over in the united states senate. all part of our plan for american job creators. >> congressional republicans want to run away. but, you know what? you can run, but you cannot hide from your record. >> they haven't passed a budget in more than three years. >> time and time again republican colleagues have stalled or blocked perfectly good piece olegislation to scor
never mind the really tough stuff, namely the so-called fiscal cliff. when the bush era tax cuts expire and some $100 billion in spending cuts kick in on december 31st. anyone who may wonder why congress has a remarkably low approval rating should watch and listen. watch the bipartisan exodus to go campaign. and listen as each party scours the other. >> never before, never, have a president and a majority party in the senate done so little to address challenges as great as the ones our...
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cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we begin this afternoon with brand-new republican offers to try to save the $2.2 trillion and avoid the so-called fiscal cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly whe
cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we...
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. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with taxes that doesn't have entitlement reform incorporated into that. so i think right now we're a little bit of a standoff, but the way to solve this would be of course to extend the existing tax rates which is by the way something the president agreed to two years ago when economic growth was stronger than it is today. at that time he said we shouldn't be raising taxes when we have a weak economy. that would be a bad idea. growth today is significantly lower than it was two years ago when he made that statement. we agree it's about jobs and the economy. that's what the president said after the election that he wan
. >> can you defer medicare for example -- medicare reform until after you get a deal on the fiscal cliff? >> well, if we do that, wolf, i think what you have to do is also defer the issue of taxes. i think you extend tax rates some time into the foreseeable future whether that's six months or a year and allow us to go through the process where we can deal with entitlement reform and tax reform in regular order. i don't see republicans supporting something up here that deals with...